Premium Estimator

How to Calculate PFL Premium

The 2019 maximum contribution rate for Paid Family Leave (PFL) is 0.153% of the employee’s annualized wages capped at the annualized New York State Average Weekly Wage (NYSAWW) of $70,569.72 per year;* which translates to a maximum annual PFL premium of $107.97 per employee. Our simple calculator tool can help you estimate what this means for your group. Here’s what you’ll need to get started:

The easiest way to go about estimating what this means for your premium cost is to split your workforce into 2 groups – those above and those below the current annualized NYSAWW of $70,569.72.* Then:

count your employees who make more than the annualized NYSAWW, and

add up the wages for all other employees with wages at or below the threshold

Simply enter those numbers into our calculator below to get a rough estimate for your annual PFL premium.

We recommend you have your payroll records handy, such as your NYS45 or payroll system reports.

PFL ANNUAL PREMIUM ESTIMATOR

*$70,569.72 is the annualized NYSAWW (NYS Average Weekly wage). The NYSAWW is updated annually and released every March 31st by the NY Department of Labor.

Number of employees with Annual Paid Wages above $70,569.72*

Sum of annual paid wages for employees earning below $70,569.72*

$

Estimated Annual PFL Premium: _ _

Please note: This estimate may differ from the actual billed amount; actual premium may vary depending on data provided at time of bill pay.

* NY Department of Labor releases the updated NYSAWW every March 31st of the prior applicable calendar year. Past years’ maximum benefit amounts
are based on prior NYSAWWs respectively. The NYSAWW applicable to 2019 is $1,357.11 = $70,569.72 per year.

Got Questions?

We value our broker relationships, as all of our business is sold through the independent broker and agent network. Our sales representatives and assistants are always available to answer any questions that you may have:800-365-4999sales@shelterpoint.com

ShelterPoint & PFL

After Paid Family Leave (PFL) was announced in 2016, ShelterPoint created a dedicated PFL team. Their goal? Ensure a successful transition to the PFL program for everyone involved — from policyholders to claimants to brokers. ShelterPoint is committed to being the timely, accurate resource for all PFL-related questions and information as the legislation continues to unfold. As the industry leader in DBL, ShelterPoint is ready to become the industry leader for PFL as well.